Mexico's Congress Passes Bill
To Restructure Bailout of Banks

Mexico's Congress passed a $67 billion bill on Saturday night that aims to restructure the government's bailout of the country's financial system.

After months of debate on the issue, Congress voted 325-159 in favor of the bill. One lawmaker abstained. The bill, which still requires Senate ratification, seeks to lower the cost of the 1995 bank rescue and lift restrictions on foreign ownership of Mexican banks.